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20110701
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ABC
Jul 13, 2011 7:00am EDT
that to happen. >> with that let me bring in our team. jake tapper, jon karl on capitol hill. jon, given the deadlock, the senate republican leader mitch mcconnell says he doesn't think a deal can be reached so calm up with a last-ditch fallback. >> reporter: last choice option, only if the talks completely collapse. it's complicated but the bottom line is, it would give the president the authority on his own to gradually raise that debt ceiling by $2.5 trillion between now and the election. the political burden is all the president's. he can do it without spending cuts and even in the face of opposition from the majority in congress. i talked to a lot of republicans in the house, rank and file, who say it's not acceptable. they want real spending cut, a lot of them and nothing else. >> there's no guarantee of spending cuts even though it would avoid tax increases. any openness in the white house to that and where do they think the talks are right now? are they as pessimistic as mr. mcconnell? >> reporter: well, mcconnell's deal sent two signals to the white house, one, good news to them
ABC
Jul 10, 2011 10:00am EDT
are saying it can be done. failure to do it would lead to economic meltdown. >> jon, thank you very much. joining me to discuss the road ahead is the white house chief of staff bill daley. thank you very much for joining us. you've heard what jon said. you've seen what speaker boehner has done last night. what's your reaction to the deal being pulled right now? >> it's very unfortunate the speaker made the comments he has. the president is committed to solving this deficit possible for the future of america. he's looking forward to the meeting to play out his case. he's saying, it is time now to make the tough decisions. in this town, generally they kick the can. nobody wants to do the tough things. he's committed to do that. he's not giving up on trying to bring economic sanity to the city and that's his goal. >> is he still committed to the mega-deal, so to speak? because this is what is floated in the last several days that speaker boehner said no longer possible. will the president continue to push for that? >> the president believes it is time to solve this problem. time to give con
ABC
Jul 22, 2011 12:00am EDT
, and the director of the movie, jon favreau, will be our guest on monday and directs ououshow on wednesday. and when he's director, my plan is, i'm going to shoot e.t. from a horse. and our music guests next week, ronnie vannucci from the killers' new band, big talk, the features will be here, chris young will be with us, and lady gaga will be here to turn everything upside down. so join us next week, too. our first guest tonightht is an exceptionally funny individual. he has a television show on nbc called "parenthood" and a film that he wrote and directed and starred in called "brother's justice." it just came out onblu-ray and dvd. please say hello to dax shepard. [ cheers and applause ] >> jimmy: you look so wholesome tonight. >> five years younger, right? >> jimmy: you do. what did you do? >> on vacation together, which you'll learn about later -- >> jimmy: don't tell everyone. >> i had a full beard and longer hail. don't i look younger? >> jimmy: you do. >> i sprang out of bed this morning. my hair was still long and thin and i shaved and then i looked terrible. i didn't have a chin anymore, m
ABC
Jul 25, 2011 7:00am EDT
? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. the only thing that everyone seems to be accepting that any deal won't include any new tax increase. >> that's the big deal. you have harry reid coming up with a plan for democrats. that he says includes $2.7 trillion in spending cuts over the next ten years and gives the president the debt ceiling increase that takes him all of the way to 2013. republicans are already saying that those -- his plan includes gimmicks and phantom cuts. so the republicans are coming up with their plan, which would include about $1 trillion in cuts now. it would require the president to come back to congress next year to ask for another debt ceiling increase. >> that's the huge sticking point for the white house. the president has made it clear time and time again that he won't sign a short-term increase. he squashed it at the meeting last night. >> republicans leaders have said that as well. they didn't want any short-term solution to this problem. they changed their tune on this. white house said
Search Results 0 to 3 of about 4